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1501 Broadway 5 Unit Apartment Building $3,585,122 CAD ($717,024 CAD/Unit) 6.95% Cap Rate Brooklyn, NY 11221

Apartment Buildings New York Brooklyn 1501 Broadway, Brooklyn, NY 11221

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INVESTMENT HIGHLIGHTS

  • Upside opportunity
  • Prime location close to subway
  • Commercial space leased

EXECUTIVE SUMMARY

Exceptional investment opportunity in Bushwick. This mixed-use property features one commercial space with a lease secured until 2032 and four residential units. Currently delivering a 7% cap rate, this property presents potential for increased returns. With strategic improvements or layout modifications, the cap rate could easily exceed 8%.

ATTACHMENTS

Building Setup 1501 Broadway, Brooklyn, NY 11221

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $315,043 $41.32
Other Income - -
Vacancy Loss - -
Effective Gross Income $315,043 $41.32
Taxes - -
Operating Expenses - -
Total Expenses $65,979 $8.65
Net Operating Income $249,064 $32.66

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $315,043
Annual Per SF $41.32
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $315,043
Annual Per SF $41.32
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $65,979
Annual Per SF $8.65
Net Operating Income (CAD)
Annual $249,064
Annual Per SF $32.66

PROPERTY FACTS

Price $3,585,122 CAD Apartment Style Mid-Rise
Price Per Unit $717,024 CAD Building Class C
Sale Type Investment Lot Size 0.05 AC
Cap Rate 6.95% Building Size 7,625 SF
Sale Condition 1031 Exchange Average Occupancy 100%
No. Units 5 No. Stories 4
Property Type Multifamily Year Built 1915
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning R6, C1-3 - Qualified opportunity zone
Price $3,585,122 CAD
Price Per Unit $717,024 CAD
Sale Type Investment
Cap Rate 6.95%
Sale Condition 1031 Exchange
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class C
Lot Size 0.05 AC
Building Size 7,625 SF
Average Occupancy 100%
No. Stories 4
Year Built 1915
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning R6, C1-3 - Qualified opportunity zone

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Basement
  • Deck
  • Dining Room
  • Patio

LINKS

1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (98)
Bike Score®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 03380-0003 Improvements Assessment $392,617 CAD (2025)
Land Assessment $298,960 CAD (2025) Total Assessment $691,577 CAD (2025)

PROPERTY TAXES

Parcel Number
03380-0003
Land Assessment
$298,960 CAD (2025)
Improvements Assessment
$392,617 CAD (2025)
Total Assessment
$691,577 CAD (2025)
(917) 859-5332

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 38792678

  • Date on Market: 2025-12-16

  • Last Updated:

  • Address: 1501 Broadway, Brooklyn, NY 11221

The Bushwick Multifamily Property at 1501 Broadway, Brooklyn, NY 11221 is currently available. Contact Compass for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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1501 Broadway
(917) 859-5332 x

1501 Broadway

Tatiana Shreider
(917) 859-5332

Cassandra Frank
(917) 282-2074

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